[ noun ] a permanent magnet consisting of magnetite that possess polarity and has the power to attract as well as to be attracted magnetically <noun.substance>
Loadstone \Load"stone`\, Lodestone \Lode"stone\, n. [Load, lode + stone.] (Min.) A piece of magnetite, a magnetic iron ore, possessing polarity like a magnetic needle, having the power to attract as well as to be attracted magnetically. See {Magnetite}.
Lodestone \Lode"stone`\, n. (Min.) Same as {Loadstone}.